SoftBank, a prominent tech investment company, recently reported a gain of 724.3 billion Japanese yen ($4.6 billion) in its Vision Fund for the fiscal year ended in March. This marks a significant turnaround for the flagship tech investment arm, as it has not been in the black since 2021. The Vision Fund segment posted a
Enterprise
A recent federal judge in California made a ruling on a lawsuit that was filed by X, formerly Twitter, against Israel’s Bright Data. X accused Bright Data of scraping data from X and selling it while circumventing X Corp.’s anti-scraping technology. The lawsuit alleged that Bright Data violated terms of service and copyrights. Data scraping
The protests against Tesla’s expansion plans in the Berlin-Brandenburg Gigafactory in Germany took a violent turn when climate protesters attempted to break into the plant, as confirmed by local police reports. The situation became tense as unauthorized individuals tried to enter the Tesla factory grounds, prompting the authorities to intervene and prevent the breach. The
The demand for leaders of technology companies to testify before government bodies is not a new phenomenon. In recent years, the CEOs of prominent tech giants like Alphabet, Meta, and TikTok have all been summoned to answer questions from members of Congress. This time, the spotlight is on Microsoft’s top lawyer, Brad Smith, who has
Semiconductor Manufacturing International Corporation (SMIC) recently highlighted the intense competition within the chip industry during its earnings call. The company mentioned that competition has been increasingly fierce, and the pricing for commodity products follows market trends. SMIC aims to stay competitive by constructing quality technology platforms that push advancements in mainland China by one to
The recent developments at Masimo have stirred up a storm in the corporate governance realm. Activist Politan Capital’s decision not to mount a proxy fight to oust CEO Joe Kiani, under certain conditions, sheds light on the ongoing battle for board seats. In response to Masimo’s offer to add one of Politan’s nominees, William Jellison,
Reddit has recently released its quarterly results, showcasing a remarkable revenue growth of 48% from $163.7 million to $243 million year-over-year. The company’s ad revenue for the period also saw a significant increase of 39%, outpacing its competitors in the digital advertising sector. Despite reporting a net loss of $575.1 million, Reddit’s performance in terms
The United States has a major issue with food waste, with approximately one-third of all food produced in the country ending up in landfills. This excess food production not only contributes to storage and packaging waste but also has a negative impact on climate change. Recent research published in the journal Science has shown that
Palantir, the renowned defense tech firm, witnessed a substantial drop of around 7% in its shares during extended trading as a result of the release of its weaker-than-expected guidance. The company reported an adjusted earnings per share of 8 cents, aligning with the predicted figure, but missed the revenue estimate by a slim margin. While
Investors and enthusiasts alike have been buzzing about Tesla’s latest milestone in bringing its Full Self-Driving (FSD) service to China. However, according to Mark Hawtin, an investment director at GAM Investment Management, the excitement may be premature. Hawtin pointed out that Tesla’s FSD is not truly autonomous driving but rather an assisted-driver capability. This distinction